As refrigerators are used to extend food's shelf life and preserve its ideal quality in order to limit the likelihood of bacterial growth, rising rates of foodborne illnesses are predicted to spur market expansion. In order to ensure the safety of food products, a high prevalence of several foodborne illnesses and disorders such nausea, vomiting, and diarrhoea is anticipated to drive demand for refrigerated transport for food distribution worldwide. For example, the World Health Organization (WHO) reports that eating contaminated food can result in the development of over 200 illnesses, ranging from cancer to diarrhoea. In addition, one of the main causes of fatalities worldwide is food-borne illness.
Global Refrigerated Transport Market was valued at US$ 15.8 billion in 2018 and is expected to exhibit a CAGR of 6.32% over the forecast period (2019-2027), and expected to reach US$ 27.21 billion by 2027.
Leading Companies in the Refrigerated Transport Industry:
1. China International Marine Containers (Group) Ltd.
China International Marine Containers (Group) Co., Ltd., together with its subsidiaries, manufactures and sells logistics and energy equipment worldwide. China International Marine Containers (Group) Co., Ltd. was incorporated in 1980 and is headquartered in Shenzhen, the People's Republic of China.
2. Daikin Industries, Ltd.
Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. Daikin Industries, Ltd. was founded in 1924 and is headquartered in Osaka, Japan.
3. Great Dane Trailers, Inc.
Great Dane was founded in 1900 and is headquartered in Chicago
4. HYUNDAI Translead
Hyundai Translead is the leading van trailer manufacturer in North America. Founded in 1989, Hyundai Translead manufactures dry and refrigerated van trailers as well as flatbeds, chassis, and dollies. The company is headquartered in San Diego, CA.
In September, 2021 Hyundai Translead, the leading manufacturer of dry and refrigerated trailers in North America, announced at TMC21 the launch of HT LinkSense, an open-platform smart trailer solution that is fully integrated with leading telematics partners.
5. Lamberet SAS
Since 1965 Lamberet SAS Company offers semi-trailer, carrier, trucks, and cabin, as well as designing, manufacturing, distribution, and after sales services. It has headquarters situated in Menthon, France.
6. Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. The company was founded in 1884 and is headquartered in Tokyo, Japan.
In December, 2022 Mitsubishi Electric Corporation and Mitsubishi Heavy Industries, announced that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.
7. Wabash National Corporation
Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily. The company was founded in 1985 and is headquartered in Lafayette, Indiana. In September, 2022 the visionary leader of connected solutions for the transportation, logistics and distribution industries, introduced Wabash Acutherm™, a new portfolio of solutions designed for intelligent thermal management.
8. Schmitz Cargobull AG
Schmitz Cargobull AG manufactures trailers and semi-trailers for commercial vehicles. The company was founded in 1892
*Definition- Transport that is chilled is often known as reefer freight. Temperature controlled vehicles are needed for this form of freight transportation.
